By: Steve Watson
March 9, 2011
“Western democracies provide less successful leadership than China”
Billionaire investor George Soros has once again cited China’s dictatorship as the model for the rest of the world in a speech at an elite gathering in Europe.
Soros told the exclusive Travellers Club, that “China’s model of state capitalism, in which the interests of the individual are subordinated to those of the government, poses a danger if its example becomes“the envy of the world.”
“Perfect order and global governance are not realistic expectations.” Soros was reported to have said at the elite gentleman’s meeting in Paris.
“However, it is a sad fact that Western democracies provide less successful leadership than China.” he continued.
Soros is clearly imagining a world in which freedom has all but vanished, given that he believes anyone in Europe or the US could ever envy life in China.
Soros has repeatedly stated that he sees China as the model for a new financial world order, replacing the U.S., slowing economic growth and reducing living standards.
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Soros has characterized the United States as a drag on the global economy because of the declining dollar, adding that a new global currency is required in the form of IMF special drawing rights – paper bonds printed by the global regulatory body.
Soros is on a speaking tour of Europe promoting the European Council on Foreign Relations, which advocates a move toward global financial regulation and further integration within the European Union. He was a founding member of the elite globalist group.
“The world does need order, and that order needs maintenance.” Soros further told the Traveller’s Club. “The idea that markets can correct their excesses turned out to be false.” he said in an open attack on the free market.
Soros also spoke of a need for Europe to defend it’s single currency and re-order its financial structure “across borders”. He said the EU should be granted the power to “supervise and protect the banking system”, and “also to guarantee banks that become insolvent”.
Soros pointed to a difficulty in seeing this brand of economic globalism come to fruition, because of increased resistance.
“The authors of the euro knew that it was an incomplete construction,” Soros said. “They could be confident that when deficiencies became apparent, the political will would be there to overcome them. Now, political will is difficult to summon.” he said.